Answer:
$319,000
Explanation:
The computation of the liability is shown below:
= Total expenses in three year - actual warranty expenditure
where,
Total expenses in three years = Total sales × total percentage of sales
= $6,200,000 × 9%
= $558,000
And, the actual warranty expenditure is $239,000
Now put these values to the above formula
So, the value would equal to
= $558,000 - $239,000
= $319,000
Answer:
Land, Building and equipment
Explanation:
As we know that
Total assets include current assets, fixed assets and intangible assets Current assets involve cash, stock, account receivables, etc. Fixed assets comprise plant & machinery, property, equipment, furniture & fittings, etc.
So according to the given situation, the land, building and the equipment is considered generally as a long term asset
I think the correct answer would be false. The automobile will remain the primary source of transportation. As we can see today, almost all of the people use automobile to go to different places. As we see in the road, different vehicles are present. Also, the automobile industry, recently, is a booming industry. We have different models, colors, brands and specifications of the vehicles. I think the use of automobiles as the primary source of transportation would still go for many years as it is the most convenient and comfortable transportation as compared to others like bicycle, train and motorcycle.
The over time rate of pay is $22.5 overtime per hour. While the total gross pay at 43 hours is 667.5 dollars.
a. The regular salary = $2600 monthly
The annual salary = $2600 * 12
= 31200 dollars.
The weekly salary in a year
We have 52 weeks in a year
Weekly salary = 31200/52
= 600 dollars.
She works for 40 hours weekly.
Pay per hour = 600/40
= 15
The overtime pay per hour that Rebecca receives
= 15 * 1.5
= 22.5
Therefore Huang's overtime pay is 22.5 dollars.
b. If she works 43 hours during the week
15 dollars * 40 hours = 600 dollars
43-40 = 3 overtime hours
3 x 22.50 per hour = 67.5 dollars.
The total gross wages = 600 dollars + 67.5 dollars
= 667.5 dollars.
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Answer: The correct option is C. One, zero.
Explanation:
When income elasticity is greater than one, it indicates that the quantity demanded is greater than the rise in income.
As quantity demanded increases, it will lead to a decrease in price to the extent that the percentage change in price will outweigh the percentage change in quantity demanded, meaning that the price elasticity is greater than zero.
When these two elasticities are combined, the resulting effect will be an increase in the level of consumer spending on smartphones.
